Charity Search / BOYS LATIN SCHOOL OF MARYLAND INCORPORATED
Education (B200) IRS Verified DX Registered 990 on File

BOYS LATIN SCHOOL OF MARYLAND INCORPORATED

EIN: 52-0735085 · BALTIMORE, MD 21210-1241 · United States · FY 2023 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 83/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

The Boys' Latin School of Maryland instills the core values of courage, integrity and compassion in each boy as embodied in our motto, Esse Quam Videri (to be, rather than to seem). By understanding how boys learn best, our talented faculty fosters enduring personal relationships and empowers each student to strive for academic and personal excellence.

Financial Overview — FY 2023
$32.3M
Total Revenue
$25.8M
Total Expenses
$90.6M
Net Assets
229
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 77.8%
Fundraising Efficiency 1439.6%
Operating Reserve 42.16x
Liability-to-Asset 33.3%
Revenue Diversification 64.4%
Executive Compensation $601K
Compared with Peers
FY 2023
Compared with 3,578 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
77.8% 84.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
16.7% 13.5%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
5.5% 0.7%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
1439.6% 631.2%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
42.2 mo 10.9 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
33.3% 34.2%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
64.4% 87.3%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
16.1% 4.8%
P10P90
Expense growth
Year over year expense growth
1.0% 8.5%
P10P90
Surplus margin
Surplus as a share of revenue
20.3% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $32.3M $25.8M $90.6M 77.8% 229
2022 $27.9M $25.5M $79.5M 77.3% 223
2021 $35.7M $24.5M N/A 212
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Organization Details
EIN
52-0735085
State
MD
City
BALTIMORE
ZIP
21210-1241
Classification
B200
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1844
Foundation Code
11
Form 990
On File
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